Vashi property market: An overview

[ecis2016.org] Vashi is a neighbourhood of Navi Mumbai. It emerges as both a residential and a commercial hub of Maharashtra.

Vashi, top ten most developed zones in the politan gion was developed by CIDCO. Vashi is

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surrounded by the Sion- Highway and Nerul to the South, the Thane- Road and Sanpada/Turbhe to

the East, Khairane channel and Koparkhairane to the North and Thane creek to the West. The

locality consists of different sectors which are again subdivided into a number of plots. Of the

sectors, the residential sectors extend from 1 to 8; shopping sector is the Sector 17; malls and IT

buildings are housed in Sector 30.Some of the prominent builders investing in Vashi include – Swastik

Group, Builders and Sunny Buildtech.

Connectivity with nearby Vashi localities:

The locality is well connected to various developed areas and a number of hotels, schools, banks and

hospitals via an excellent network of railways and roadways.

 Harbour Line Railway network serves the locality and connects to various popular localities

of Maharashtra such as Chattrapati Shivaji Terminus (CST), Andheri, Nerul and Panvel

 T, BEST and ST bus services are operational here

 Vashi enjoys proximity and accessibility to localities of Chembur, Sion, Dadar, Worli, Byculla,

Bandra, Mulund, Bhandup, Ghatkopar, Santacruz, Andheri, Powai, Dindoshi & Borivali.

Employment hubs near Vashi:

The locality is witnessing an increase in the population in the recent years owing to its proximity to

various employment hubs. These include –

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 Mahape IT Park

 Dhirubhai Ambani Knowledge City (DAKC)

 MIDC Trial Area

 The MC Market

Schools in Vashi and other social amenities:

Vashi provides its residents with all kinds of social amenities to live a happy and peaceful life. They

include various schools and hospitals.

 St. Lawrence High School

 Ryan International

 Avalon Heights International School

 ICL High School

 Institute of Engineering & Management Studies and many others enjoy being the famous

names of educational institutions in and around Vashi.

Of the social amenities provided by Vashi, the major health institution dominating the locality

includes –

 PKC Hospital

 M J Hospital

 Sadhna Hospital.

Apart from these it also provides the luxury of enjoying recreational amenities and proximity to

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various banks and ATMs.

The locality also provides its residents with many luxurious shopping centres such as –

 In Mall

 Raghuleela Mall

Both of them are located within a distance of 1-2 kilometres from Vashi central.

Physical infrastructure in Vashi :

 Water Supply Infrastructure has been planned all over Navi Mumbai including Vashi, by the

Government

Price trends in Vashi:

 Price Appreciation – around 50.9 % in last 2 years

 Current property rates- INR 11,114– INR 12,082per sq ft

Reasons to invest in Vashi

Considering the increasing price trends Vashi and the obvious rise in demand, the locality will

definitely prove to be a good investment. The high increase in property prices is a promising trait to

start with. Presence of more and more commercial hubs in and around the locality is making Vashi a

coveted working as well as a residential destination of Mumbai.

Big ticket projects like Shah Signature, Sunny Buildtech Orchid Arcade, Baba Homes Solitaire and

Vishrut Construction Barcelona are here to make Vashi a rather posh and coveted residential

neighbourhood.

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